BizTerm Definition
Financial institutions
Full Definition

In finance this normally means institutions, not being banks, principally engaged in one or more of the following activities: 1. loans. 2. leasing. 3. payments (e.g. giro institutions ). 4. means of payments issued (e.g. credit cards). 5. issuance of guarantees/pledges. 6. transactions for own account or for account of customers relating to money market instruments, FX instruments, financial futures or options, swaps and securities. 7. security syndication. 8. merger and acquisition related business. 9. broker activities. 10. portfolio management. 11. custody of securities.

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